What Is ZooCoin (ZOO)?
The ZooCoin is an ecosystem of decentralized applications that provides solutions for people to manage cryptocurrency trading activities. The ZooCoin aims to introduce people to the potential of fast blockchains by presenting a unified ecosystem built on the Fantom network. The Fantom network is a decentralized network that offers scalability features to the blockchain. The purpose of choosing the Fantom for ZooCoin is to attain security, scalability, and efficiency in the ecosystem.
Here are the four projects in the ZOO ecosystem:
1- Zoo Trade- An exchange aggregator finds the right price for the token. Zoo Trade also supports every Fantom DEX.
2- ZooDex- A decentralized exchange originally invented as a verification system for tradeable tokens.
3- Zoo Tracker- A simple solution for asset and trading management that supports multiple exchanges.
4- Zoo Pet- A platform to trade (https://www.coinbase.com/fr/learn/crypto-basics/what-are-nfts#:~:text=NFTs%20(or%20%E2%80%9Cnon%2Dfungible,worth%20exactly%20the%20same%20amount.&text=Each%20Beeple%20piece%20is%20paired,version%20is%20the%20real%20one.)s in the marketplace.
The ZOO is the native token.) of the Zoo ecosystem. The token serves as a governance token and can be utilized for various projects within the ecosystem. The ZOO is not a reward token; thus, Zoo cannot be obtained by staking. There is one way to get ZOO, that is to purchase the token from any exchange that supports ERC-20 compatible tokens on Fantom. This makes the liquidity pool stronger and helps in avoiding inflation. The ZOO wallet is an asset dashboard and incorporates various functions like tracking the token allocated for staking and viewing NFTs owned by the wallet holder. The distribution of ZOO tokens is transparent and straightforward, where 80 percent of total tokens are allotted for circulation while, 16 percent are allocated for the developer fund, and 4 percent is for the marketing fund.
History of ZooCoin (ZOO)
The founder and security expert of ZOO is Ivan Rumak. Stepan Ivanov is the front-end engineer and co-founder. Mikhail Pivkin is the front-end engineer. In 2021, from February to June, Zoowallet, Zoocharts, Zoopet, and ZooDex were released on the platform. The total maximum supply of token ZOO is limited to 1,000,000,000.
